8.95 USD
+0.25 (+2.87%)
9.12 USD
+0.17 (+1.9%)
Taking everything into account, MITK scores 5 out of 10 in our fundamental rating. MITK was compared to 281 industry peers in the Software industry. There are concerns on the financial health of MITK while its profitability can be described as average. MITK scores decently on growth, while it is valued quite cheap. This could make an interesting combination.
1. Profitability
1.1 Basic Checks
MITK had positive earnings in the past year.
In the past year MITK had a positive cash flow from operations.
MITK had positive earnings in each of the past 5 years.
MITK had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
MITK's Return On Assets of 3.47% is fine compared to the rest of the industry. MITK outperforms 68.33% of its industry peers.
MITK has a better Return On Equity (6.53%) than 71.17% of its industry peers.
MITK has a better Return On Invested Capital (4.29%) than 72.60% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for MITK is significantly below the industry average of 12.04%.
The last Return On Invested Capital (4.29%) for MITK is above the 3 year average (3.13%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.47% | ||
| ROE | 6.53% | ||
| ROIC | 4.29% |
ROA(3y)1.2%
ROA(5y)2.02%
ROE(3y)2.4%
ROE(5y)3.45%
ROIC(3y)3.13%
ROIC(5y)3.83%
1.3 Margins
With a decent Profit Margin value of 8.71%, MITK is doing good in the industry, outperforming 70.46% of the companies in the same industry.
MITK's Profit Margin has declined in the last couple of years.
MITK has a better Operating Margin (12.33%) than 77.94% of its industry peers.
MITK's Operating Margin has declined in the last couple of years.
MITK has a better Gross Margin (85.59%) than 93.59% of its industry peers.
MITK's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 12.33% | ||
| PM (TTM) | 8.71% | ||
| GM | 85.59% |
OM growth 3Y-43.97%
OM growth 5YN/A
PM growth 3Y-34.17%
PM growth 5YN/A
GM growth 3Y-0.79%
GM growth 5Y0.08%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so MITK is destroying value.
MITK has less shares outstanding than it did 1 year ago.
MITK has more shares outstanding than it did 5 years ago.
The debt/assets ratio for MITK is higher compared to a year ago.
2.2 Solvency
MITK has an Altman-Z score of 1.69. This is a bad value and indicates that MITK is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 1.69, MITK perfoms like the industry average, outperforming 47.33% of the companies in the same industry.
MITK has a debt to FCF ratio of 2.74. This is a good value and a sign of high solvency as MITK would need 2.74 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 2.74, MITK is in the better half of the industry, outperforming 65.48% of the companies in the same industry.
MITK has a Debt/Equity ratio of 0.64. This is a neutral value indicating MITK is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.64, MITK is doing worse than 68.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.64 | ||
| Debt/FCF | 2.74 | ||
| Altman-Z | 1.69 |
ROIC/WACC0.44
WACC9.71%
2.3 Liquidity
A Current Ratio of 1.14 indicates that MITK should not have too much problems paying its short term obligations.
The Current ratio of MITK (1.14) is worse than 66.90% of its industry peers.
A Quick Ratio of 1.14 indicates that MITK should not have too much problems paying its short term obligations.
The Quick ratio of MITK (1.14) is worse than 65.84% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.14 | ||
| Quick Ratio | 1.14 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 35.90% over the past year.
The Earnings Per Share has been growing by 17.42% on average over the past years. This is quite good.
The Revenue has been growing slightly by 6.98% in the past year.
Measured over the past years, MITK shows a quite strong growth in Revenue. The Revenue has been growing by 15.26% on average per year.
EPS 1Y (TTM)35.9%
EPS 3Y8.58%
EPS 5Y17.42%
EPS Q2Q%-12%
Revenue 1Y (TTM)6.98%
Revenue growth 3Y12.83%
Revenue growth 5Y15.26%
Sales Q2Q%1.67%
3.2 Future
MITK is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.65% yearly.
The Revenue is expected to grow by 5.84% on average over the next years.
EPS Next Y-4.55%
EPS Next 2Y6.79%
EPS Next 3Y5.65%
EPS Next 5YN/A
Revenue Next Year3.23%
Revenue Next 2Y5.36%
Revenue Next 3Y5.84%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 8.44, which indicates a very decent valuation of MITK.
MITK's Price/Earnings ratio is rather cheap when compared to the industry. MITK is cheaper than 90.04% of the companies in the same industry.
MITK's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 25.45.
MITK is valuated reasonably with a Price/Forward Earnings ratio of 8.18.
MITK's Price/Forward Earnings ratio is rather cheap when compared to the industry. MITK is cheaper than 90.39% of the companies in the same industry.
MITK is valuated cheaply when we compare the Price/Forward Earnings ratio to 34.46, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.44 | ||
| Fwd PE | 8.18 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, MITK is valued cheaply inside the industry as 94.66% of the companies are valued more expensively.
96.09% of the companies in the same industry are more expensive than MITK, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.32 | ||
| EV/EBITDA | 5.07 |
4.3 Compensation for Growth
The decent profitability rating of MITK may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.48
EPS Next 2Y6.79%
EPS Next 3Y5.65%
5. Dividend
5.1 Amount
No dividends for MITK!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
8.95
+0.25 (+2.87%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners76.41%
Inst Owner Change2.19%
Ins Owners2.13%
Ins Owner Change1.64%
Market Cap408.57M
Revenue(TTM)178.13M
Net Income(TTM)15.51M
Analysts81.67
Price Target13.26 (48.16%)
Short Float %4.77%
Short Ratio6.55
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)25.57%
Min EPS beat(2)14.53%
Max EPS beat(2)36.62%
EPS beat(4)4
Avg EPS beat(4)35.26%
Min EPS beat(4)1.42%
Max EPS beat(4)88.46%
EPS beat(8)5
Avg EPS beat(8)13.54%
EPS beat(12)8
Avg EPS beat(12)16.86%
EPS beat(16)12
Avg EPS beat(16)17.43%
Revenue beat(2)2
Avg Revenue beat(2)4.55%
Min Revenue beat(2)1.85%
Max Revenue beat(2)7.26%
Revenue beat(4)4
Avg Revenue beat(4)3.14%
Min Revenue beat(4)0.88%
Max Revenue beat(4)7.26%
Revenue beat(8)4
Avg Revenue beat(8)-0.56%
Revenue beat(12)7
Avg Revenue beat(12)3%
Revenue beat(16)9
Avg Revenue beat(16)3.17%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)6.93%
EPS NQ rev (3m)4.85%
EPS NY rev (1m)0%
EPS NY rev (3m)3.65%
Revenue NQ rev (1m)0.31%
Revenue NQ rev (3m)-3.89%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.04%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.44 | ||
| Fwd PE | 8.18 | ||
| P/S | 2.29 | ||
| P/FCF | 7.32 | ||
| P/OCF | 7.17 | ||
| P/B | 1.72 | ||
| P/tB | 6.91 | ||
| EV/EBITDA | 5.07 |
EPS(TTM)1.06
EY11.84%
EPS(NY)1.09
Fwd EY12.23%
FCF(TTM)1.22
FCFY13.66%
OCF(TTM)1.25
OCFY13.95%
SpS3.9
BVpS5.2
TBVpS1.29
PEG (NY)N/A
PEG (5Y)0.48
Graham Number11.14
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.47% | ||
| ROE | 6.53% | ||
| ROCE | 8.86% | ||
| ROIC | 4.29% | ||
| ROICexc | 7.39% | ||
| ROICexgc | 32.57% | ||
| OM | 12.33% | ||
| PM (TTM) | 8.71% | ||
| GM | 85.59% | ||
| FCFM | 31.33% |
ROA(3y)1.2%
ROA(5y)2.02%
ROE(3y)2.4%
ROE(5y)3.45%
ROIC(3y)3.13%
ROIC(5y)3.83%
ROICexc(3y)4.74%
ROICexc(5y)6.29%
ROICexgc(3y)31.43%
ROICexgc(5y)27.46%
ROCE(3y)4.04%
ROCE(5y)4.94%
ROICexgc growth 3Y-20.78%
ROICexgc growth 5YN/A
ROICexc growth 3Y-40.5%
ROICexc growth 5YN/A
OM growth 3Y-43.97%
OM growth 5YN/A
PM growth 3Y-34.17%
PM growth 5YN/A
GM growth 3Y-0.79%
GM growth 5Y0.08%
F-Score7
Asset Turnover0.4
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.64 | ||
| Debt/FCF | 2.74 | ||
| Debt/EBITDA | 4.01 | ||
| Cap/Depr | 7.33% | ||
| Cap/Sales | 0.66% | ||
| Interest Coverage | 18.76 | ||
| Cash Conversion | 149.79% | ||
| Profit Quality | 359.8% | ||
| Current Ratio | 1.14 | ||
| Quick Ratio | 1.14 | ||
| Altman-Z | 1.69 |
F-Score7
WACC9.71%
ROIC/WACC0.44
Cap/Depr(3y)7.2%
Cap/Depr(5y)9.44%
Cap/Sales(3y)0.74%
Cap/Sales(5y)0.83%
Profit Quality(3y)714.7%
Profit Quality(5y)578.49%
High Growth Momentum
Growth
EPS 1Y (TTM)35.9%
EPS 3Y8.58%
EPS 5Y17.42%
EPS Q2Q%-12%
EPS Next Y-4.55%
EPS Next 2Y6.79%
EPS Next 3Y5.65%
EPS Next 5YN/A
Revenue 1Y (TTM)6.98%
Revenue growth 3Y12.83%
Revenue growth 5Y15.26%
Sales Q2Q%1.67%
Revenue Next Year3.23%
Revenue Next 2Y5.36%
Revenue Next 3Y5.84%
Revenue Next 5YN/A
EBIT growth 1Y523.73%
EBIT growth 3Y-36.78%
EBIT growth 5YN/A
EBIT Next Year23.92%
EBIT Next 3Y15.23%
EBIT Next 5YN/A
FCF growth 1Y48.45%
FCF growth 3Y-5.59%
FCF growth 5Y18.06%
OCF growth 1Y48.2%
OCF growth 3Y-5.32%
OCF growth 5Y17.33%
MITEK SYSTEMS INC / MITK FAQ
What is the ChartMill fundamental rating of MITEK SYSTEMS INC (MITK) stock?
ChartMill assigns a fundamental rating of 5 / 10 to MITK.
Can you provide the valuation status for MITEK SYSTEMS INC?
ChartMill assigns a valuation rating of 7 / 10 to MITEK SYSTEMS INC (MITK). This can be considered as Undervalued.
How profitable is MITEK SYSTEMS INC (MITK) stock?
MITEK SYSTEMS INC (MITK) has a profitability rating of 6 / 10.
Can you provide the financial health for MITK stock?
The financial health rating of MITEK SYSTEMS INC (MITK) is 3 / 10.
Can you provide the expected EPS growth for MITK stock?
The Earnings per Share (EPS) of MITEK SYSTEMS INC (MITK) is expected to decline by -4.55% in the next year.